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Weekly Market Outlook 11-15 March 2024

ThinkMarkets ThinkMarkets 11/03/2024
Weekly Market Outlook 11-15 March 2024 Weekly Market Outlook 11-15 March 2024
Weekly Market Outlook 11-15 March 2024 ThinkMarkets

Here is our weekly market outlook for the week 11- 15 March 2024 where we will provide a general view on the most important financial assets after mentioning the most important news.

All information provided in this report is based on public information and it may be canceled or updated at any time based on changes in prices and economic events.

Any opinions, news, research, analyses, prices or other information contained on this document is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.

Any decision that has been taken based on information in this report is your sole responsibility without any liability on ThinkMarkets.

Derivative products are leveraged products and can result in losses that exceed initial deposits. Please ensure you fully understand the risks and take care to manage your exposure and seek independent advice if necessary.



As per price action on the daily chart, we have a down moving after breaking the level of 103.438. So, it might continue moving down to test the support level around 101.884 and the weekly support around 100.623 and this might happen also after slightly up moving to test the level of 103.438 from below.

short-term view: if prices continue below the level of 103.438, it might be better to focus on selling positions but if prices break above 103.438 and continue trading above, it might be better to focus on buy positions.



As we can see on the daily chart, there is a sideways move which might refer to some balance between buyers and sellers and no clear trend.

short-term view: It might be better to wait until we find one party (buyer or seller) controls.



As we can see on the daily chart, there is a down movement after rebounding from below 152.024 which is a resistance weekly level which means that it might continue moving down to test 145.908 and if it breaks this level and continues moving down it might continue to test lower levels in addition to that we might find some smaller corrections to up.

short-term view: based on the bearish view it might be better to focus on selling positions.



As we can see on the daily chart, there is a down moving after testing the level of 0.88954 from below and rebounded to lower prices which means it might be a sign of strength of sellers, so, if prices closed and continued to trade below 0.87428, it might be a sign to see a lower prices around 0.85553.

short-term view: It might be better to focus on selling positions.



As we can see on the daily chart, there is up moving after breaking above 2069.84 without any correction which means that there might be a strength of buyers over sellers and it might be some corrections.

short-term view: It might be better to focus on buying positions if prices are above the level of 2069.84.



As we can see on the daily chart, there is a sideways movement which might be considered a correction after the last up movement for some profit-taking.

short-term view: It might be better to focus on buying positions if prices are above the level of 39313.53.



As we can see on the daily chart, there is a sideways movement which might be considered a correction after the last up movement for some profit-taking.

short-term view: It might be better to focus on buying positions if prices are above the level of 18413.6.



As we can see on the daily chart, there is a sideways movement between 7891.77 and 7267.77 which means that there might be a balance between buyers and sellers.

short-term view: It might be better to wait to see buyers or sellers control and see a clear trend.



As we can see on the daily chart, there is a new all-time price level recorded after breaking above 69080.70 which means that there might be a strength of buyers and prices might continue higher.

short-term view: It might be better to focus on buying positions if prices continue trading above 69080.70 considering high risk and trade management.



As we can see on the daily chart, there is an up movement after breaking above 3577.78 which means that it might be a sign of strength of buyers.

short-term view: It might be better to focus on buying positions if prices continue trading above 3577.78 considering high risk and trade management.

Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.

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Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
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